Business Idea Development Quiz

What should we do with a great idea for a new business?

• Discuss it only with friends

• Share it immediately with investors

• Write it down right away

• Forget about it

Why is it important to record ideas as soon as they come up?

• To make them more complicated

• To impress classmates

• To avoid sharing them with others

• Because ideas can be easily forgotten

Who do we share our business idea with for feedback?

• Social media followers

• Only successful business owners

• Classmates and professors

• Only our family members

What do we do after receiving feedback on our idea?

• Share it on social media

• Make changes to improve it

• Ignore the feedback

• Present it immediately

Who else might we ask for opinions on our business idea?

• Random people on the street

• Only our friends

• Other students and small business owners

• Only our professors

What is the purpose of practicing our pitch multiple times?

• To memorize it word for word

• To feel more confident and prepare for questions

• To make it longer

• To impress our classmates

What do we want our business idea to be before presenting it to investors?

• Vague and confusing

• As complicated as possible

• Clear and persuasive

• Only interesting to us

What is a key reason for valuing feedback from classmates and professors?

• They are just being polite

• They are always right

• Their suggestions help improve our business idea

• They have no experience